Approvals secured for RenRe’s Tokio deal
RenaissanceRe Holdings Ltd has announced that it has received all regulatory approvals required in connection with its previously announced acquisition of Tokio Millennium Re AG and Tokio Millennium Re (UK) Limited.
Bermudian-based RenaissanceRe said on October 30, that it had entered into a definitive agreement with Tokio Marine Holdings Inc to acquire Tokio Marine’s reinsurance platform, TMR, which was established in Bermuda in 2000. The cash-and-shares deal is worth $1.5 billion.
In a statement, RenRe said the parties anticipate closing the transaction as soon as possible, subject to the satisfaction of customary closing conditions.
Hayward wins Pembroke Central for Walton
Neon to close Bermuda office
US care centre ‘saddened’ by girl’s death
Mutterings from the bully pulpit
Homeless mothers centre on the horizon
Suspended prison term for drug possession
Family set to lose home over loan guarantee
Woman to pay $7,500 for damaging 16ft boat
Teenager hurt in Collector’s Hill crash
Homeless crisis a threat to children
Railway Trail work not completed
Call to set up child rights commission
Take Our Poll